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“# A Bitcoin whale just shorted $100M BTC — Are big holders expecting a larger drop? ” A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the past week. Though the momentum of Bitcoin remains…
“# Ukraine is prepared to lead Eastern Europe’s crypto space ” Ukraine is ranked as the world’s leader in the Global Crypto Adoption Index 2020, according to a research published by Chainalysis earlier this fall. Despite this, cryptocurrencies still remain a gray area in the economy. Since 2014, Ukrainian authorities have been trying to implement…
“# The rise of major Bitcoin mining institutions is inevitable ” There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into…
“# 3 reasons why Bitcoin price quickly recovered after dropping to $15.7K ” The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum. Three key factors likely caused the overnight drop in the price of Bitcoin….
“# Incoming Senator hopes to ‘bring Bitcoin into the national conversation’ ” In an interview with the ABC News program GMA3: What You Need To Know on Friday, senator-elect Cynthia Lummis again voiced her support for the popularization of Bitcoin, going so far as to say that she does “hope to bring Bitcoin into the…
“# Big Macs for stacking Sats: Bad Crypto news of the week ” Bitcoin continues its bull run. The coin is up more than 12 percent over the last week and is now tickling $16,000. According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.26 of the giant burgers. It’s…
“# Inflation games: Bitcoin competes with fiat on value but lacks volume ” Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry commentators…
“# Why Bitcoin price just lost $16K in a ‘typical’ weekend drop ” The price of Bitcoin (BTC) has seen volatility within the past 12 hours. The top cryptocurrency fell from $16,400 to $15,750 within hours, rejecting sharply after surpassing the $16,000 resistance earlier this week. As of Nov. 14, the 20-day moving average of…
“# China’s leadership in the Bitcoin mining industry will be challenged ” If you talk about Bitcoin (BTC) mining, you have to talk about China. China has become a giant in the Bitcoin mining ecosystem with major mines and pools, quick, cheap labor and a majority control of the world’s hashing power. So, should you go…
“# ‘Stealth phase’ over? Why Wall Street FOMO will make $20K Bitcoin look cheap ” The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date, making it once again the best-performing asset just as it has been for the past decade. Strangely…